Sunday Supplement: 3 May 2020

‘The schooner ‘Miena’ refitting at Townsville’, 1954, Donald Friend, Art Gallery of NSW

Global Macro & Markets

• Coronavirus pandemic exposes fatal flaws of the ‘just-in-time’ economy– ABC, Long…good read…
• Oil’s Collapse Is a Geopolitical Reset In Disguise – Bloomberg
• Ten reasons why a ‘Greater Depression’ for the 2020s is inevitable – Guardian, Roubini
• Trump weighs banning US$50 billion of US federal savings from holding MSCI emerging market stocks, including Chinese equities – SCMP
• Coronataxes as a solution – VoxEU
• WHO to plan gradual restart to air travel – Ninefax
• Trump threatens new tariffs on China in retaliation for coronavirus – Reuters
• Donald Trump threatens tariffs over coronavirus as US and Beijing trade laboratory accusations – SCMP
• Why Covid-19 will be an extinction event for many incumbent companies – SCMP
• Covid Exit Strategy Depends on Getting Vaccine to Whole World – Bloomberg
• International spillovers of quantitative easing – VoxEU
• To protect public health, preserve the global value chains – VoxEU
• Coronavirus: WHO, European Investment Bank pair up to help African countries after US funding cut – SCMP
• The state steps in to save global economies – LeMonde

Americas

• Fed officials worry about lasting economic scars from crisis – Reuters
• Trumplomacy: What’s behind new US strategy on China? – BBC
• S. Economy Poised to Mirror the Post-WWII Glory – Bloomberg
• Pressure mounts on Trump to “drop the hammer” on China – Vox
• The moral cost of America’s meat-supply obsession – Vox
• The Coronavirus Is Showing Members of the Professional Class That the Government Doesn’t Work for Them Either – Slate
• ‘Once Upon a Virus’: China mocks U.S. coronavirus response in Lego-like animation – Reuters
• Brazil has the most confirmed COVID-19 cases in Latin America. ‘So what?’ says President Bolsonaro – CBC
• Your Life or Your Livelihood: Americans Wrestle With Impossible Choice – NY Times

Asia

• Kim Jong Un Reminds World of Nuclear Threat at Fertilizer Plant – Bloomberg
• China tells WHO they’re not wanted – Asia Times
• Lebanon turns to IMF with economy in ‘free fall’ – Asia Times
• Emergency declaration extension could double job losses in Japan – Japan Times
• India clamors to lift world’s biggest lockdown – Asia Times
• China faces triple whammy amid Covid-19 crisis – Asia Times
• India extends world’s largest lockdown for second time – Nikkei Asian Review

Europe

• The ‘Terrible Moral Choice’ of Reopening – The Atlantic
• Coronavirus latest: Spain released from seven-week lockdown – Deutsche Welle
• How Greece’s crisis is helping it bend the COVID-19 curve – Deutsche Welle
• Poor stay poor, rich get richer? Virus aid weighs on EU market competition – Ekathimerini
• EU’s economic recovery could be ‘asymmetric’, warn smaller nations – Irish Times

Terra Australis

• Secret plan to reopen pubs, clubs and Crown Casino – Ninefax
• ‘Despicable ME’: The boutique bank raiding accounts linked to home loans – Ninefax
• Expecting a $1500 JobKeeper payment? Not after tax – Ninefax
• What an 85pc fall in migration means for the economy and housing – Ninefax
• This weekend is giving Australia the first glimpse of winter — will coronavirus get worse? – ABC
• Scott Morrison’s coronavirus crisis response is still evolving — but now he has a political deadline – ABC
• Coronavirus recession will change economy forever, warns ANZ CEO Shayne Elliott – ABC
• House prices up despite coronavirus, finds CoreLogic – ABC
• Queensland Government released almost half of $80 million bond to company that purchased Blair Athol mine – ABC…corruption QLD ALP style…
• Why and how did China’s markets become so important for New Zealand? – Interest.co.NZ
• Construction industry super fund primed to invest $2.5bn when Australia’s lockdowns ease – Guardian
• Over-Cooked: a new twist in the national tale – Ninefax, Megalogenis
• ‘More important than ever’: Victoria backs China’s infrastructure push – Ninefax
• China’s post-pandemic shopping spree: how coronavirus strengthens the Belt and Road Initiative – Ninefax
• ‘More like Europe’: Economy facing population slowdown shock – Ninefax
• China drops a Covid-19 gauntlet on Australia – Asia Times
• Australia’s Largest State Mulls Major Property Tax Reform – Bloomberg
• New York or New Zealand?: Why Down Under may offer the ultimate location for the age of remote working – Financial Post

…and furthermore…

• Coronavirus Recession Ends the Golden Age for Tech Workers – Bloomberg
• Philosophy cannot resolve the question ‘How should we live?’ – Aeon
• You Should Politicize the Coronavirus – The Atlantic
• The Fragility of the Global Nurse Supply Chain – The Atlantic
• Will we ever go back to sitting in an office? – Irish Times
• What offices might look like in a post-COVID world – CBC

…and coronavirus…

• Remdesivir receives emergency approval as a Covid-19 treatment – Vox
• Coronavirus more likely to kill men and the obese, study says – SCMP
• Coronavirus’s new mystery: It’s causing strokes in healthy people – Vox
• I Have Seen the Future—And It’s Not the Life We Knew – The Atlantic
• What We Know About Whom COVID Kills – Slate
• Coronavirus vaccine: where profit and public health collide – DW
• US and China unleash wallets in race for coronavirus vaccine – Nikkei Asian Review
• Scientists aim to ‘see’ invisible transmission of coronavirus – CBC